Implementing KYC (Know Your Customer) guidelines is a great way to improve the security of a crypto exchange platform. However, some people strictly want to buy or trade crypto on platforms with no KYC guidelines. If you are under 18 or don’t want to share your personal information, you might be interested in no KYC crypto exchanges. This article presents our top picks for no KYC crypto exchanges in Australia.
#1. Bybit – Best no KYC Exchange
Our TOP choice is Bybit, one of the best global crypto exchange platforms. Founded in 2018, the platform currently has over 10 million customers and exceeds $10 billion in trading volume every day. Bybit also has deep liquidity and a trade speed of around 100,000 TPS.
If you intend to trade frequently, Bybit is the perfect choice. It offers over 280+ different coins and has very low trading fees. In fact, for spot trading they have waived the fees, so it is FREE, and for derivatives, makers pay only 0.01% and takers 0.06%.
Bybit is also a good choice for beginners, with its simple and intuitive interface. It also offers different payment methods, including credit/debit cards, Google Pay, Apple Pay, and bank transfer. The platform’s only downside is that it doesn’t allow you to withdraw AUD or any other fiat currency.
- Over 280+ available coins
- ZERO fees for spot trading, and low fees for derivatives
- Excellent 24/7 live chat support
- Doesn’t support fiat withdrawals
#2. MEXC – Most coins available
MEXC is another reliable and very popular platform that offers over 1,520+ coins! The platform also has very low fees at only 0.2% for spot trading and 0.02/0.06% for futures trading. One of its best features is Copy Trading. MEXC allows users to copy the moves of successful investors and – best of all – does that automatically. It’s a very useful feature for entry-level traders or even experienced traders who don’t want to spend too much time researching the market.
MEXC is packed with features for crypto enthusiasts, such as staking, margin trading (up to 125x), and direct crypto purchases. You can use several ways to pay, for example credit/debit cards, bank transfer, Apple Pay, and Google Pay.
- Over 1,520+ coins
- Low trading fees
- FREE $25 USDT with our signup link
- Cannot withdraw fiat currency from MEXC
#3. KuCoin – Free Trading Bots
With over 11 million users, KuCoin is one of the most widely used No KYC crypto platforms in the world and is also very popular in Australia. It offers over 700 different coins, low fees of just 0.1% for spot trading, and various features such as Copy Trading and Crypto Lending.
Another great thing about KuCoin is that it offers trading bots for FREE. Using these bots allows you to take advantage of market fluctuations even if you are offline since they execute trades based on your parameters and require no input on your side. KuCoin offers several bots, including Spot Grid, Futures Grid, and DCA.
Besides low trading fees, the platform also offers a 20% discount if you pay fees with KCS coin. The only disadvantage of KuCoin is that it has poor customer service with no live chat available.
- Over 700+ coins are available
- Free trading bots
- Crypto lending and crypto borrowing supported
- Poor customer support - no live chat
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#4. Margex – Best for margin trading
If you want an extremely secure platform for margin trading, Margex is your best choice with no KYC required. It stores all assets in cold storage, so you don’t have to worry about the platform getting hacked and losing your money.
The platform has a unique MP Shield system that prevents price manipulation. It also uses several different techniques for improved security, and is enforced by AI-based algorithms to detect any suspicious trading behavior.
Margex has very low fees, though this is only for margin trading, as spot trading is not available on the platform. Fees are 0.019% for makers and 0.060% for takers. One downside is that the platform supports only 13 different coins, although it does include most of the popular coins such as BTC and ETH.
- Excellent customer support
- An ideal choice for margin traders
- Very secure crypto exchange
- Supports only 13 coins
- Only margin trading available, no spot trading
#5. Bitfinex – Best crypto derivatives trading with no KYC
Founded in 2012, Bitfinex is the best platform for no KYC derivatives trading, offering deep liquidity and great customer support. Spot trading and margin trading are also available on the platform, but its specialty is derivatives trading.
Bitfinex offers trading fees of 0.1% for makers and 0.2% for takers for spot trading. For derivatives trading, fees are 0.02% and 0.075% for makers and takers, respectively.
The interface is very intuitive, easy to use, and fully customizable. The platform offers over 150 different coins and around 300 different trading pairs.
- Over 300 trading pairs
- High liquidity
- The perfect platform for experienced traders
- Fees for trading are slightly higher than competitors
#6. PrimeXBT – No KYC CFD trading
PrimeXBT is the best choice if you are looking for CFD (Contract for Difference) trading with no KYC. It offers over 40 different cryptocurrencies, along with various traditional financial markets, including Forex.
Like some platforms on the list, PrimeXBT also offers “Covesting” or copy trading. If you are new to trading or don’t want to spend too much time researching the market, you will find this feature quite useful. You just need to choose a successful trader and the platform will copy their behaviour so that you can trade even when you are offline.
Like Bitfinex, PrimeXBT has a customizable interface that allows you to use any indicators and charts that you prefer. Fees are 0.05% for margin trading with up to 100x leverage using CFDs. The only downside is that the platform doesn’t support spot trading – you can only conduct margin trading using CFDs.
- Over 50 different forex pairs
- Copy trading is available
- Live chat customer support
- No spot trading, only margin trading with CFDs
#7. AAX – Another no KYC alternative
If you are a serious trader looking for lots of advanced features with no KYC required, AAX is an exchange you want to consider. It offers spot and futures trading, an OTC service desk, and different crypto interest earning options. Since the platform uses LSEG Technology, transactions are amazingly fast.
Although the platform offers different advanced features, it is also suitable for beginners. It is very easy to navigate, and there is also a learning centre and live customer support.
AAX offers over 100 coins, with more than 20 fiat currencies supported. The fees are low, at just 0.1/0.15% for spot trading and 0.04/0.06% for futures trading. However, margin trading is not supported.
- Excellent customer support
- Over 100+ coins available
- Low trading fees
- Margin trading is not available
#8. Bisq – No KYC decentralized Bitcoin Exchange
If you are an experienced trader, you might consider registering at the fully decentralized crypto exchange platform Bisq . It doesn’t require you to give any personal details, including even your name. Like most platforms on this list, Bisq is very secure and stores all assets in cold storage. It uses the Tor system, which is well-known for its extreme security.
The platform supports over 120 different coins and allows over 15 payment methods, including credit and debit cards and bank transfers. Trading fees are also very low, at just 0.05% for makers and 0.35% for takers.
The platform’s only disadvantage is that you can only trade against BTC. It doesn’t allow you to trade against fiat currencies, or even stablecoins such as USDT. Keep that in mind before signing up.
- The platform is fully decentralized
- No need to enter any type of personal info
- Very low trading fees
- Can only trade against BTC
These are some of the best no KYC crypto exchanges in Australia. You can’t go wrong by choosing any platform from the list. However, make sure to consider the pros and cons of each platform to find the best choice for your needs.